The Digital Shift: How Online Brands are Reshaping India’s Consumer Sector
. In recent years, the D2C sector has seen significant milestones, including the emergence of its first unicorn, Licious, and several brands like boAt, Mamaearth, Wakefit, and Country Delight crossing Rs 100 crore in revenue in a short span. The D2C sector in India is projected to be worth $100 billion by 2025, up from $44.6 billion at the end of fiscal year 2021.
Asia-Pacific’s Economic Shift: S&P Global Cites India Surpassing China
India’s promising economic trajectory is bolstered by its large domestic market, the purchasing power of its growing middle class, and the stability of its economic policies. The International Monetary Fund (IMF) and the World Bank forecast a 6.3% GDP growth for India for the fiscal year 2023-24. This positive outlook is despite global headwinds and geopolitical challenges, indicating the resilience of India’s economy.
From Local to Global: India’s Journey to Manufacturing Supremacy
India is now the third most sought-after manufacturing destination globally, with the potential to export goods worth US$ 1 trillion by 2030.
Navigating New Norms: How RBI’s Clampdown on Unsecured Loans Affects Fintechs
Fintech firms have been actively involved in consumer lending, sanctioning almost Rs 30,000 crore for consumption loans between 2015 and 2022.
The Business of Free: Unpacking UPI Payment Firms’ Revenue Models
Paytm’s total merchant GMV in Q3 FY 2023 was ₹3.5 lakh crore, a year-over-year growth of 38%. They focus on payment volumes that generate profitability either through net payments margin or from direct upsell potential.
Aadhaar Under Attack: The 815 Million Record Breach
In what is being termed as a watershed moment in India’s digital history, the Aadhaar data breach involving 815 million records has raised serious questions about national cybersecurity.
India’s Green Hydrogen Boom: Projected $22 Billion Market by 2030
The government expects investments totaling 8 trillion Indian rupees ($96.65 billion) in the green hydrogen sector by 2030.
Revitalizing Retail: FMCG’s New Growth Strategies for Kirana Stores in 2023
Rural India’s consumption growth revival is being led by the southern (2.8%) and eastern (3%) zones, while urban India continues to drive value growth with a 5.3% increase in Q1 2023 across food and non-food categories.
Canara Bank Gears Up for Major Divestment: RBI Greenlights 70% Stake Sale in Canbank Factors
Canara Bank, a public sector lender in India, has received approval from the Reserve Bank of India (RBI) to divest a 70% stake in its unlisted subsidiary, Canbank Factors Ltd. This move is part of Canara Bank’s broader strategy to reorganize its subsidiaries and streamline its operations
India’s Strategic Push to Boost Exports in Sub-Saharan Africa and Gulf Nations
Despite a global trade challenge, India’s merchandise exports rose 6.21% to USD 33.57 billion in October 2023, while imports increased 12.3% to USD 65.03 billion, driven partly by a surge in gold imports. For the April-October 2023 period, exports contracted 7% to USD 244.89 billion, and imports fell 8.95% to USD 391.96 billion.